Common wisdom for new investors is always of the 'don't put all your eggs in one basket' type. Don't invest all your investment capital in one company. Diversify so that at least if one investment fails, the other will carry you through. Is there a similar type of advice for crypto currency investors? Is it better to concentrate on investment in just one crypto currency? Or should we diversify? I would love to know what others have to say about this.
It is always the best thing for us to diversify our investments when you are buying coins because that way you are making sure that you are mitigating the risks you are taking when investing in cryptocurrencies. The best way to make sure that you are not losing too much money is to invest in different coins so that when one coin fails you can be sure that another one is still available